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NEW YORK - OUTFRONT Media Inc. (NYSE:OUT) announced Thursday that its board of directors has declared a quarterly cash dividend of $0.30 per share on the company’s common stock, maintaining its attractive 6.82% dividend yield. According to InvestingPro data, this represents an annual dividend of $1.20 per share for the $2.94 billion market cap outdoor advertising company.
The dividend will be payable on December 31, 2025, to shareholders of record at the close of business on December 5, 2025, according to a press release statement from the out-of-home media company. Despite trading at a high Price/Book ratio of 5.45, InvestingPro analysis indicates the company remains profitable with a diluted EPS of $0.60 over the last twelve months.
OUTFRONT Media operates nationwide across various out-of-home advertising formats including billboards, digital displays, and transit systems. The company maintains an in-house agency called OUTFRONT STUDIOS and an innovation team known as XLabs.
The dividend announcement comes as part of the company’s regular quarterly financial activities. No changes were made to the dividend amount compared to previous declarations.
In other recent news, Outfront Media has entered into a significant $1 billion credit agreement to refinance its existing senior secured credit facilities. This agreement involves Outfront Media and its subsidiaries, with Wells Fargo Bank leading a group of lenders. The new facility includes a $500 million revolving credit facility and a $500 million term loan, maturing in 2030 and 2032, respectively. Additionally, Outfront Media announced the appointment of Nicolas Brien as its new CEO. Brien, who has been serving as interim CEO since February, will continue to serve on the board. His employment agreement includes an annual base salary of $1,000,000 and eligibility for an annual cash bonus. Brien will also receive long-term equity incentive grants starting in 2026, along with a one-time performance-based restricted share unit award. These developments mark notable changes in Outfront Media’s leadership and financial structure.
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